2022/05/30

• UPSTAGE AND FURIOSA AI SIGN 'JOINT DEVELOPMENT AND SALES AGREEMENT TO EXPAND AI ECOSYSTEM'

• ATTENTION IS DRAWN TO THE MEETING OF AI REPRESENTATIVE 'SOFTWARE' UPSTAGE 'AI PACK' AND 'HARDWARE' FURIOSA AI SEMICONDUCTOR 'WARBOY'

• CEO KIM SEONG-HOON “WE WILL CREATE A FOUNDATION FOR COOPERATION BETWEEN THE TWO COMPANIES, DEVELOPMENT OF BOTH COMPANIES, AND AN OPPORTUNITY TO EXPAND THE BASE OF THE DOMESTIC AI ECOSYSTEM.”

(Upstage = 2022/5/30) Upstage, a leading AI company in Korea, joins hands with Furiosa AI, a startup specializing in AI semiconductors, to expand the ecosystem for AI transformation of companies.

Upstage (CEO Seong-Hoon Kim, www.upstage.ai) was held at the headquarters of Furiosa AI located in Gangnam, Seoul on the 27th with CEO Seong-Hoon Kim and Jun-Ho Baek, CEO of Furiosa AI (hereafter referred to as Furiosa) in attendance. It was announced today that a sales agreement was signed.

THIS AGREEMENT IS ATTRACTING ATTENTION AS A MEETING BETWEEN KOREA'S LEADING AI SOFTWARE AND HARDWARE STARTUPS. BASED ON THIS AGREEMENT, THE TWO COMPANIES WILL PROMOTE JOINT DEVELOPMENT OF A SOLUTION THAT COMBINES HARDWARE AND SOFTWARE BY OPTIMIZING UPSTAGE'S AI PACK WITH FURIO'S AI SEMICONDUCTOR, WARBOY.

Furio, an AI semiconductor fabless (design) startup, has recently been recognized for its world-class technology by launching the high-performance AI semiconductor 'Warboy' for computer vision. 

Upstage is a representative domestic AI company widely known for publishing a number of excellent papers in international AI societies such as NeurlPS, AAAI, ACL, and EMNLP and winning the double-digit gold medal in Kaggle for the first time as a Korean company. AI technology leadership proven through various customer collaborations and achievements Based on this, we are developing an AI pack that can easily apply the latest AI technology to various industries.

THIS COOPERATION IS UPSTAGE'S FIRST PARTNERSHIP WITH THE DOMESTIC AI SEMICONDUCTOR INDUSTRY, AND IT PLANS TO EXPAND THE SCOPE OF PROMOTION WITH FURIOSA AI IN STAGES IN THE FUTURE TO EXPLORE VARIOUS WAYS TO USE AI PACKS AND SPECIALIZED AI CHIPS. THROUGH THIS, IT PLANS TO EXPAND THE AI ECOSYSTEM AND INCREASE COMPETITIVENESS BY HELPING COMPANIES PROMOTING AI TRANSFORMATION TO EASILY INTRODUCE IT.

THROUGH THIS COOPERATION, UPSTAGE DECIDED TO JOINTLY DEVELOP AN INTEGRATED SOLUTION RELATED TO OCR TECHNOLOGY BY OPTIMIZING THE AI PACK NOT ONLY FOR FURIO'S FIRST-GENERATION CHIP WARBOY, BUT ALSO FOR THE NEXT-GENERATION CHIP CURRENTLY UNDER DEVELOPMENT. IN ADDITION, THE TWO COMPANIES DECIDED TO GO ONE STEP FURTHER AND MAKE ACTIVE EFFORTS IN JOINT SALES SO THAT COMPANIES CAN MAKE GOOD USE OF THE SOLUTIONS DEVELOPED TOGETHER.

SUNGHOON KIM, CEO OF UPSTAGE, SAID, “WITH THE COOPERATION BETWEEN UPSTAGE AND FURIO, THE LEADING AI COMPANIES IN KOREA, COMPANIES THAT WANT TO INTRODUCE AI CAN EASILY MEET SELF-LEARNING AI SOFTWARE AND HIGH-PERFORMANCE HARDWARE AT A LOW PRICE.” BASED ON COOPERATION, BOTH COMPANIES WILL DEVELOP AND CREATE AN OPPORTUNITY TO EXPAND THE BASE OF THE DOMESTIC AI ECOSYSTEM.”

JUN-HO BAEK, CEO OF FURIOSA AI, SAID, “IT IS HIGHLY EXPECTED THAT THE TOTAL SOLUTION THAT COMBINES AI APPLICATIONS AND COMPUTING DEVELOPED BY THE TWO COMPANIES WILL ACCELERATE THE INTRODUCTION OF AI IN ENTERPRISES, AND THROUGH THIS, THE TWO COMPANIES WILL JOINTLY PIONEER INNOVATIVE BUSINESS MODELS IN THE DOMESTIC AND GLOBAL MARKETS. DO,” HE SAID.

THE UPSTAGE AI PACK, WHICH WILL BE OPTIMIZED FOR SPECIALIZED AI CHIPS THROUGH THIS COOPERATION, FEATURES OCR TECHNOLOGY THAT CAN EXTRACT DESIRED INFORMATION FROM IMAGES AND USE IT, HIGH-PERFORMANCE NATURAL LANGUAGE PROCESSING SEARCH TECHNOLOGY THAT CAN SEARCH FOR INFORMATION WITH SIMILAR MEANING, CUSTOMER INFORMATION AND PRODUCT AND SERVICE FEATURES. IT IS ATTRACTING ATTENTION AS A REPRESENTATIVE NO-CODE AND LOW-CODE SERVICE AS WELL AS A ONE-STOP SOLUTION THAT HELPS CUSTOMERS TO USE THREE AI TECHNOLOGIES, INCLUDING RECOMMENDATION TECHNOLOGY CONSIDERING WITH THE AI PACK, YOU CAN CONVENIENTLY USE THE LATEST AI TECHNOLOGY BY SUPPORTING CONTINUOUS UPDATES AS WELL AS DATA PROCESSING AND AI MODELING.

Contact

Upstage | Geun-Kyo Kim, PR Director | 010-8229-7240 | keunkyo@upstage.ai

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